Form 4: Mattel Executive Exercises and Sells Shares Following RSU Vesting

Roberto Jacobo Isaias Zanatta, EVP & Chief Supply Chain Officer of Mattel Inc., exercised restricted stock units (RSUs) and sold shares to cover tax obligations.

Summary

• Roberto Jacobo Isaias Zanatta, a Mattel executive, exercised restricted stock units (RSUs) on April 28 and April 29, 2024.
• On April 28, 2024, 14,116 shares were issued upon vesting of RSUs granted on April 28, 2023.
• 7,154 shares were withheld on April 28, 2024, at a price of $18.36 to cover tax obligations related to the RSU vesting.
• On April 29, 2024, 6,109 shares were issued upon vesting of RSUs granted on April 29, 2022.
• 3,097 shares were withheld on April 29, 2024, at a price of $18.49 to cover tax obligations related to the RSU vesting.
• Following these transactions, Zanatta directly owns 127,741 shares of Mattel common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Executive compensation through stock options and RSUs is a common practice in publicly traded companies like Mattel to align management's interests with those of shareholders.

Comparison to Industry Standards

• Executive compensation packages, including RSUs, are standard practice among publicly traded companies.
• The vesting schedules described (33%, 33%, 34% over three years) are typical for RSU grants.
• Companies like Hasbro (HAS) and Jakks Pacific (JAKK) also utilize similar equity-based compensation strategies for their executives.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares.
• The tax withholding benefits the government.

Key Dates